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Briefs

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After rebuffing a YRC takeover, ABF and Teamsters agree on new contract
23/May/2013 by Cathy Roberson.

A negotiated Teamsters union contract will be voted on by ABF Freight’s 7,500 members throughout the month of June. Pending its approval, union members will accept an automatic 7% decrease in wages, however it will be recovered by the 5th year of the contract.... read more.

Recapitalised CEVA is still in a difficult place
22/May/2013 by Thomas Cullen.

CEVA has reported its results for first quarter 2013, which also marks the first set of results the company has published since restructuring in April. Worryingly, the company noted that its core business under-performed during the period.... read more.

Maersk Line impresses in the first quarter with a return to profit
20/May/2013 by Thomas Cullen.

Bearing in-mind how low freight rates have fallen in container shipping, Maersk Line’s return to profit over the past quarter is quite impressive.... read more.

Freight forwarding index holds just above 50 despite second consecutive decline
17/May/2013 by Lucy Palmer.

The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1.3 points lower compared with the same month in 2012.... read more.

Amazon workers strike in Germany over the changing nature of retail
17/May/2013 by Thomas Cullen.

The current labour dispute Amazon is experiencing in Germany illustrates just how different the company is compared to other internet-based giants. With its colossal logistics infrastructure comes quite distinct issues such as how to manage a large, but often indifferently paid workforce.... read more.

Slight improvements in the freight forwarding market
16/May/2013 by Cathy Roberson.

As noted from first quarterly earnings reports, there was a slight improvement in the freight forwarding market. Overall, the airfreight market continues to plague freight forwarders as shifts to ocean freight services continue.... read more.

DP-DHL reports modest gains, operating profit up 2.9% in Q1
15/May/2013 by Thomas Cullen.

Deutsche Post DHL continues to announce improvements in its financial performance with moderate increases in revenue and profits across much of its business in the first quarter, despite less than inspiring market conditions.... read more.

Contrasts in demand may be a bad omen for the airline market
13/May/2013 by Thomas Cullen.

The differing performance of the two elements of the airline market is remarkable, but also disturbing for those operating air cargo services.... read more.

Emirates grows cargo volumes despite difficult market
10/May/2013 by Thomas Cullen.

The air cargo market is currently in a depressed state as weak demand has led the largest carriers to shrink their fleets, yet Emirates SkyCargo does not appear to have been afflicted by this trend.... read more.

NAFTA import trade by weight increased almost 4% in February
09/May/2013 by Cathy Roberson.

The value of goods imported by the US from its NAFTA partners, Canada and Mexico, declined almost 3.0% compared to the same period in 2012. However, there was more trade imported by weight moving across borders in February 2013 compared to February 2012.... read more.

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